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Daimler CEO says software services key for growth

GENEVA (Reuters) - Carmakers will need to ensure their vehicles can connect to mobile devices and the internet if they are to survive, Daimler chief executive Dieter Zetsche said on Monday. His comments came after Daimler's Mercedes-Benz said it would make cars compatible with new software developed by Apple, known as CarPlay. Daimler will also be offering compatibility to Android-based devices, the company added.

Daimler drives to record sales, profits in 2013

German luxury auto maker Daimler achieved record sales and profits in 2013, and expects to achieve "significant" growth again this year, the company said on Thursday. "Daimler concluded the year 2013 with record levels of unit sales, revenue, EBIT and net profit," the car maker said in a statement. "The company anticipates renewed growth in 2014," it added. Net profit climbed by 28 percent to 8.72 billion euros ($11.8 billion) and underlying profit, as measured by earnings before interest and tax (EBIT), was up 23 percent at 10.82 billion euros.

Daimler drives to record sales, profits in 2013

German auto maker Daimler said on Thursday that it achieved record sales and profits in 2013, and it expects to achieve "significant" growth again this year. "Daimler concluded the year 2013 with record levels of unit sales, revenue, EBIT and net profit," the car maker said in a statement. "The company anticipates renewed growth in 2014," it added. Net profit climbed by 28 percent to 8.72 billion euros ($11.8 billion) and underlying profit, as measured by earnings before interest and tax (EBIT), was up 23 percent at 10.82 billion euros.

Daimler earnings seen higher, still lagging BMW

FRANKFURT (Reuters) - Germany's Daimler <DAIGn.DE> is expected to post a surge in fourth-quarter profit on Thursday as its rejuvenated Mercedes-Benz model range helps Chief Executive Dieter Zetsche to turn around a legacy of profit warnings. Automakers are upbeat about global sales this year. Worldwide, auto sales in 2014 are seen rising 3.4 percent, according to research firm IHS, while LMC Automotive sees an increase of 5 percent. Premium auto makers are expected to benefit disproportionately from such growth.

Daimler executive's exit suggests CEO may stay on: analysts

FRANKFURT (Reuters) - Daimler's <DAIGn.DE> chief executive may have his contract extended beyond 2016 on the back of last year's recovery, analysts and executives said on Wednesday after the surprise departure of a Mercedes executive who was tipped for the top. Succession has been a divisive issue at Daimler, and last year the supervisory board extended 60-year-old Chief Executive Dieter Zetsche's contract by three years, instead of an expected five, as well as reshuffling senior managers to gauge the potential of other leadership candidates.

Daimler CEO succession talk reignites after top executive quits

FRANKFURT (Reuters) - Three Daimler <DAIGn.DE> executives are seen as contenders for the top job if CEO Dieter Zetsche's contract is not extended in 2016, following the sudden departure of a senior executive who was a candidate for the role. Andreas Renschler, head of manufacturing at its Mercedes-Benz Cars unit, is leaving the German luxury car and truck maker, and analysts say he may take a job at Volkswagen <VOWG_p.DE>. His contract had been due to expire in 2018.

Daimler hit by surprise departure of Mercedes executive

BERLIN (Reuters) - German carmaker Daimler <DAIGn.DE> is grappling with the surprise resignation on Tuesday of long-standing executive board member Andreas Renschler who had been rumored as a potential candidate to succeed Chief Executive Dieter Zetsche. Renschler, production chief at the Mercedes-Benz luxury-car division, is leaving the company "for personal reasons" with immediate effect, Daimler said in a statement.

Daimler gets nod from China to take stake in BAIC Motor

Germany auto giant Daimler said Tuesday it has been given the green light from China to acquire a 12-percent stake in BAIC Motor, a unit of Beijing Automotive Group. "This important joint move breaks new ground as the first ever investment by a non-Chinese automotive company in a Chinese original equipment manufacturer," the German car maker said in a statement. The move, originally announced in February, is aimed at increasing Daimler's presence in the all-important Chinese market.

Daimler gets nod from China to take stake in BAIC Motor

Germany auto giant Daimler said Tuesday it has been given the green light from China to acquire a 12-percent stake in BAIC Motor, a unit of Beijing Automotive Group. "This important joint move breaks new ground as the first ever investment by a non-Chinese automotive company in a Chinese original equipment manufacturer," the German car maker said in a statement. The move, originally announced in February, is aimed at increasing Daimler's presence in the all-important Chinese market.

Fiat bottom line saved by Chrysler yet again

Italian auto group Fiat was saved from loss in the third quarter by a strong recovery at its US unit Chrysler, which is now heading for about a third more annual profit than the parent company. Chrysler reported a 22 percent jump in net profit to $464 million (337 million euros), while Fiat overall saw its net profit rise by 11 percent to 189 million euros. Stripping out Chrysler, Fiat suffered a loss of 247 million euros, which is a drop of 37 million euros in the same quarter last year.
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